It will soon start research and development activities for the electronic money
system with the aim of putting it into trial use in January next year for about 10,000 Hitachi employees, the officials said.
But with electronic money
inflation could creep up before the ECB knows about it.
At the same time, most would agree that the growth of wholly new payment technologies, such as electronic money
, has been slower than many observers anticipated several years ago.
The costs and difficulties of moving money around the world have been dramatically reduced, as electronic money
can now be moved through telecommunications channels and processed quickly and efficiently by computers.
Transactions using unaccounted electronic money
create the opportunity for either not reporting or under-reporting the resulting income.
We buy, say, $10 worth of electronic money
from a machine or a sales clerk.
The procedure for using electronic money
commercially would be practically the same as it is with present-day credit-card transactions and hardly requires explaining.
AFL, a wholly owned subsidiary of APS, is authorised by the FSA for the use of electronic money
under the electronic money
regulations 2011 (see www.
Indonesias apex lender Bank Indonesia is almost ready to simplify branchless banking services and electronic money
regulations with the intention of expanding cashless payment systems in the nation.
The central bank said that the review would help address numerous concerns raised over the implementation of the current Electronic Money
Issues (EMI) Guidelines, which was designed specifically for mobile money and all types of electronic money
ISLAMABAD -- Pakistan Post extended Electronic Money
(EMO) service to its 56 General Post Offices (GPOs) across the country.
LONDON, Jan 17, 2011 (TUR) -- Gumkart, an electronic money
card, used at all customs locations throughout Turkey to pay duties has received the "Most Creative Solution to Pay Public Fees" award in London on Monday.